New Jersey Sportsbooks Grossed More Than Nevada’s
For the first time, New Jersey surpassed Nevada by earning more from sports wagers than the Silver State.
On June 12, the Division of Gaming Enforcement (DGE) published a report which showed that New Jersey grossed $318.9 million from bets in May. The state left behind Nevada that took in $317.4 million in sports handle.
In May of last year, the Supreme Court revoked the Professional and Amateur Sports Protection Act, allowing interstate sports wagering. Currently, sportsbooks are available in seven states.
New Jersey has earned more than $3 billion from sportsbooks in the past year alone.
In an interview with ESPN, Raymond Lesniak, the former state senator, said that the amount of revenue didn’t surprise him because the residents loved sports.
Despite New Jersey taking in more wagers, the expansion of sports betting has not taken its toll on Nevada. Last year, it got $5 billion from wagers, and it seems it will break this record in 2019.
In regards to revenue, Nevada sportsbooks have not lost to another state since July 2013.